The typical asking rate per listing is in the $40's per square foot per year. The Bull Durham submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the The Triangle market, the Bull Durham submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 0 listings have come on the market, which means office spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Bull Durham are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 6,210 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 11 floors. Most buildings in this area were built in 2013 and are Class A.
Public administration is the dominant industry in this market. Most of the residents of Bull Durham work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.